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Public sector banks don t have power to issue LOCs against defaulters: Bombay HC

Public sector banks don t have power to issue LOCs against defaulters: Bombay HC
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Gautam patelMadhav jamdarAditya thakkerBureau of immigrationBombay high court onBombay high courtLook out circularsJustices gautam patel

Public Sector Banks Don t Have Power To Issue Look Out Circulars Against Defaulters: HC

Public Sector Banks Don t Have Power To Issue Look Out Circulars Against Defaulters: HC
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Public sector banks don t have power to issue Look Out Circulars against defaulters: HC Mumbai | Mumbai News

The High Court quashed and set aside the LOCs issued to restrain people indebted to public sector banks from travelling abroad.

Madhav jamdarAditya thakkerGautam patelBureau of immigrationJustices gautam patelBombay high courtOok out circulars by banksOc banks defaultersUblic sector banks locsBureau of immigrationPublic sector banks

Public sector banks don t have power to issue Look Out Circulars against defaulters: HC

Bombay HC rules public banks can t issue LOCs against defaulters. Verdict quashes all circulars. Centre s 2018 amendment allowed banks to issue LOCs in economic interest of India , but HC deems it unconstitutional.

Gautam patelMadhav jamdarAditya thakkerBureau of immigrationBombay high court onLook out circularsBombay high courtJustices gautam patelPublic sector banksHc mumbai

Public sector banks don t have power to issue Look Out Circulars against defaulters HC

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Aditya thakkerMadhav jamdarGautam patelBureau of immigrationBombay high court onBombay high courtLook out circularsJustices gautam patel

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